07:29 AM EDT, 06/17/2025 (MT Newswires) -- Groupe Dynamite ( GRGDF ) on Tuesday said first-quarter adjusted earnings and revenue advanced.
The clothing company said adjusted net earnings increased by 14.5% compared to $28.4 million, or $0.25 per adjusted diluted share, from $24.8 million, or $0.23 per adjusted diluted share, in the prior year period.
Total revenue jumped 20% to $226.7 million, helped by a 13% increase in comparable store sales and contributions from new stores. Online sales edged up to 16.4% during the quarter.
The company tweaked its fiscal 2025 guidance slightly, raising its comparable store sales growth forecast to 7.5% to 9% from 5% to 6.5%.
Among highlights, the company cited a reduction by more than 50% of China receipts into the U.S. in response to tariffs.
It also announced a share buyback program was initiated and expanded with the adoption of an automatic share purchase plan.